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Shall I start the site whatdidyoubid.com?
invite response
2017 Mar 29, 1:14pm 27,225 views 90 comments
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"Here is a site that claims to actually publish all the offers on a house, instead of hiding them like most realtor scum do"
When you are in a multiple offer situation, bidders are not typically aware of the details of the other bids. In order to disclose details of a bid to other bidders, the sellers agent (or buyers agent) must have both the buyers and sellers permission to share that information with another party. Offers are considered confidential. That is real estate law, at least in my state and I assume in other states as well.
On a side note, given your obvious acrimony for real estate agents, I find it interesting that you worked at Trulia.
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It would be the place where people list their losing bid on a house, to try to catch realtor fraud.
Realtors routinely block bids which don't give their own agency both sides of the commission. This would be a way to expose that practice. Sellers would be able to easily see the real bids without their realtor being in the way. And rejected buyers would get a little bit of power to get around the seller's agent, at least after the sale is done.
But maybe the psychology is bad. Consider that people don't necessarily want anyone to know how much they can bid on a house. It might attract realtors, jealous relatives, or other unwanted attention. Maybe buyers just wants to move on after the sale is over and they lost, and sellers want to move on and take the money they did get.
Is this worth the, say, one month of effort it would take to get it going? If no one uses it, the effort is wasted.
#housing